Active

$1,585,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 20648 sq ft
Overview
  • ID: MFRW7883744
  • Bedrooms:
  • Bathrooms: 0
  • Size: 20648 sq ft
Property Details
Remarks
Short Sale. Investor Opportunity in Crystal River – 19 Unit Apartment Complex Rare redevelopment opportunity in the heart of Crystal River. This 19-unit apartment building offers incredible potential for investors, developers, or builders looking to capitalize on the growing demand for housing in this highly desirable Gulf Coast community. The property sustained significant hurricane damage and is being sold as-is, presenting a prime chance to renovate, rebuild, or reimagine the site to maximize its income potential. Situated in an area known for its natural beauty, tourism, and waterfront lifestyle, the location continues to attract residents, seasonal visitors, and long-term tenants alike. With strong rental demand in Citrus County and limited multifamily inventory, this property provides the opportunity to restore a 19-unit income-producing asset or redevelop the site entirely. Conveniently located near local shops, dining, marinas, and the famous springs and outdoor attractions that make Crystal River such a sought-after destination. Property consists of (13) 2/1, (4) 1/1 and (1) 3/2
Financial Considerations
Price:
$1,585,000
HOA Fee:
N/A
Tax Amount:
$9139.54
Price per SqFt:
$76.76
Tax Legal Description:
CRYSTAL TERRACE CONDO AKA TOWNSITE OF CRYSTAL PARK LOTS 35 36 37 38 & 39
Exterior Features
Lot Size:
44711
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1972
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
Short Sale
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    740 NE 5TH AVE
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